Palo Alto Networks (PANW) stock drops 9% as billings outlook disappoints

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Go back to Palo Alto Networks (PANW) stock drops 9% as billings outlook disappoints

Palo Alto Networks Reports Fiscal Third Quarter 2024 Financial Results

May 20, 2024 4:05 PM EDT

Fiscal third quarter revenue grew 15% year over year to $2.0 billionRemaining performance obligation grew 23% year over year to $11.3 billionNon-GAAP operating margin grew 200 bps year over year to 26%

SANTA CLARA, Calif., May 20, 2024 /PRNewswire/ -- Palo Alto Networks (NASDAQ: PANW), the global cybersecurity leader, announced today financial results for its fiscal... More